Promithian Global Ventures, Inc. (PGVI)

[artmaniac]

from goldust - MXGD dissolved their corporation in Nevada and reincorporated it in Wyoming with a common A/S filed and issued at 8,333,333 common shares and 10,000,000 voting share preferred Class "A" shares authorized and issued. The reincorporation allows for Class "A" shares to only be used for partial or full retirement of MXGD debt by converting them into common shares at a rate of 1 share to 2.5 million shares common at par .001 so do the math, if the company has a 400 million float, that means that 400 million less 8.3 million equals 391.7 million less 156 shares of converted class "A" to common at par .001. $391,000.00 of debt got retired by convergence. What they spent it on is a mystery since the director was the only one owed money as of September 15,2010 at $40 k of debt, that leaves an even $350 k that was spent on repaying debt from something MXGD bought. Secretary is gone, Director is only employee, no known contractors, no mining yet, Gold in every hole surveyed, scrubbed financials, current reporting. All points to something big going on with MXGD. They will not dillute many class "A" shares, those are used for debt repayment and voting shares to control MXGD.